Pa. Rep. Proposes Natural Gas Tax To Fund Transportation

Law360, Philadelphia (May 16, 2013, 5:27 PM EDT) -- A Pennsylvania state lawmaker unveiled a package of bills Wednesday that would fund transportation projects and infrastructure across the commonwealth by imposing a severance tax on natural gas extracted from the Marcellus Shale and closing a loophole allowing companies to shift certain taxable assets out of state.

Under bills introduced by Rep. Scott Conklin, D-Centre, drilling companies would begin to pay a 5-cent tax on natural gas extracted at wellheads that he said would raise about $111 million within the first year. Combined with a bill...
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